Company Valuation: Solvay SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,543 9,790 2,912 3,251 2,837 2,691 - -
Change - -7.14% -70.26% 11.65% -12.73% -5.16% - -
Enterprise Value (EV) 1 12,692 11,581 4,401 4,751 4,434 4,417 4,426 4,394
Change - -8.75% -62% 7.96% -6.67% -0.39% 0.21% -0.73%
P/E 11.2x 5.16x 1.4x 14.8x 97x 12.2x 12.5x 12.4x
PBR 1.2x 0.92x 2.31x 2.47x 2.65x 2.56x 2.69x 2.76x
PEG - 0x 0.17x -0.2x -1.1x 0x -4.97x 56.43x
Capitalization / Revenue 1.04x 0.73x 0.6x 0.69x 0.67x 0.66x 0.64x 0.63x
EV / Revenue 1.26x 0.86x 0.9x 1.01x 1.04x 1.08x 1.05x 1.02x
EV / EBITDA 5.39x 3.59x 3.53x 4.52x 5.03x 5.66x 5.36x 5.04x
EV / EBIT 7.93x 4.77x 4.75x 6.49x 7.9x 9.45x 8.65x 7.62x
EV / FCF 14.7x 10.6x 7.84x 13.2x 12.7x 21.9x 17.6x 14.1x
FCF Yield 6.79% 9.47% 12.7% 7.6% 7.89% 4.57% 5.7% 7.1%
Dividend per Share 2 3.85 4.05 2.43 2.43 2.43 2.43 2.435 2.439
Rate of return 3.77% 4.29% 8.76% 7.8% 8.95% 9.45% 9.47% 9.48%
EPS 2 9.13 18.3 19.85 2.1 0.28 2.115 2.061 2.066
Distribution rate 42.2% 22.1% 12.2% 116% 868% 115% 118% 118%
Net sales 1 10,105 13,426 4,880 4,686 4,262 4,102 4,204 4,299
EBITDA 1 2,356 3,229 1,246 1,052 881 780.3 825.4 872.1
EBIT 1 1,600 2,426 926 732 561 467.6 512 576.9
Net income 1 948 1,905 2,093 223 30 189.3 247.2 264.9
Net Debt 1 2,149 1,791 1,489 1,500 1,597 1,726 1,735 1,703
Reference price 2 102.20 94.46 27.73 31.16 27.16 25.72 25.72 25.72
Nbr of stocks (in thousands) 103,158 103,640 105,008 104,332 104,465 104,623 - -
Announcement Date 2/23/22 2/23/23 3/13/24 3/5/25 2/24/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.16x1.08x5.66x9.45% 3.12B
19.42x3.44x9.75x2.04% 68.81B
12.61x0.95x7.93x4.27% 53.27B
58.33x9.36x39.87x0.93% 17.64B
13.37x0.88x6.22x2.74% 13.99B
13.29x0.77x5.09x2.58% 10.85B
16.1x0.73x7.86x3.07% 10.34B
38.4x1.74x9.18x2% 9.68B
32.32x4.41x18.88x0.36% 8.15B
5.3x0.63x2.64x1.29% 7.93B
Average 22.13x 2.40x 11.31x 2.87% 20.38B
Weighted average by Cap. 20.85x 2.66x 11.29x 2.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield